$GTCH GBT Commenced Operations of It E-Commerce Pl
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Posted On: 03/14/2022 8:22:54 AM
$GTCH GBT Commenced Operations of It E-Commerce Platform
https://www.globenewswire.com/news-release/20...tform.html
WEST HOLLYWOOD, Calif., March 14, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), which entered into a revenue sharing agreement with a third party is testing its AI platform – AVANT- AI (https://www.avant-ai.net/) to identify opportunities with respect to e-commerce sales through the world’s biggest online retail platform. The testing under the revenue sharing agreement commenced on March 1, 2022.
The e-commerce platform can be used via the following link:
https://www.amazon.com/s?me=A21C579I9MM2U0&am...ATVPDKIKX0
Since March 1, 2022, the Company through the revenue sharing arrangement sold 360 items generating sales of $73,423.99 representing an approximate average of $203.96 per item/order.
"We were pleased to announce this new stream of revenue. As a reminder, we entered into a revenue sharing agreement for a term through the end of the year with an option to extend for additional terms. This opportunity may allow us to expand our operations to different domains, which potentially can complement our products when and if introduced to the market. Currently, we operate the e-commerce platform from West Hollywood, California and we are selling currently in the United States, Canada, Mexico and Brazil” provided Mansour Khatib, the Company’s CEO.
There is no guarantee that the Company will be successful in researching, developing or implementing this e-commerce system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its operations and, if successfully developed, the Company would need to enter into a strategic relationship with a third party that has more experience in operating, selling and shipping. There is no guarantee that the Company will be successful in any or all of these critical steps.
https://www.globenewswire.com/news-release/20...tform.html
WEST HOLLYWOOD, Calif., March 14, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), which entered into a revenue sharing agreement with a third party is testing its AI platform – AVANT- AI (https://www.avant-ai.net/) to identify opportunities with respect to e-commerce sales through the world’s biggest online retail platform. The testing under the revenue sharing agreement commenced on March 1, 2022.
The e-commerce platform can be used via the following link:
https://www.amazon.com/s?me=A21C579I9MM2U0&am...ATVPDKIKX0
Since March 1, 2022, the Company through the revenue sharing arrangement sold 360 items generating sales of $73,423.99 representing an approximate average of $203.96 per item/order.
"We were pleased to announce this new stream of revenue. As a reminder, we entered into a revenue sharing agreement for a term through the end of the year with an option to extend for additional terms. This opportunity may allow us to expand our operations to different domains, which potentially can complement our products when and if introduced to the market. Currently, we operate the e-commerce platform from West Hollywood, California and we are selling currently in the United States, Canada, Mexico and Brazil” provided Mansour Khatib, the Company’s CEO.
There is no guarantee that the Company will be successful in researching, developing or implementing this e-commerce system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its operations and, if successfully developed, the Company would need to enter into a strategic relationship with a third party that has more experience in operating, selling and shipping. There is no guarantee that the Company will be successful in any or all of these critical steps.
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